Quent Capital LLC Cuts Position in GXO Logistics, Inc. (NYSE:GXO)

Quent Capital LLC cut its stake in GXO Logistics, Inc. (NYSE:GXO - Free Report) by 89.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 936 shares of the company's stock after selling 8,172 shares during the quarter. Quent Capital LLC's holdings in GXO Logistics were worth $41,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of GXO. Mount Lucas Management LP lifted its stake in shares of GXO Logistics by 2.4% in the third quarter. Mount Lucas Management LP now owns 7,327 shares of the company's stock worth $382,000 after buying an additional 173 shares in the last quarter. Mathes Company Inc. raised its holdings in GXO Logistics by 0.7% in the 3rd quarter. Mathes Company Inc. now owns 25,475 shares of the company's stock valued at $1,326,000 after acquiring an additional 175 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in GXO Logistics by 7.7% in the 3rd quarter. Nisa Investment Advisors LLC now owns 3,064 shares of the company's stock worth $160,000 after purchasing an additional 220 shares in the last quarter. CWM LLC lifted its stake in GXO Logistics by 13.8% in the 3rd quarter. CWM LLC now owns 1,961 shares of the company's stock worth $102,000 after purchasing an additional 238 shares in the last quarter. Finally, Signaturefd LLC boosted its holdings in shares of GXO Logistics by 37.2% during the 3rd quarter. Signaturefd LLC now owns 918 shares of the company's stock worth $48,000 after purchasing an additional 249 shares during the last quarter. 90.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. The Goldman Sachs Group cut their price target on GXO Logistics from $63.00 to $54.00 and set a "neutral" rating for the company in a report on Thursday, January 16th. Morgan Stanley cut their target price on GXO Logistics from $63.00 to $57.00 and set an "overweight" rating for the company in a research note on Friday. Oppenheimer boosted their price target on shares of GXO Logistics from $63.00 to $67.00 and gave the company an "outperform" rating in a research report on Wednesday, November 27th. Barclays cut their price objective on shares of GXO Logistics from $52.00 to $45.00 and set an "equal weight" rating for the company in a research report on Thursday. Finally, Loop Capital downgraded shares of GXO Logistics from a "buy" rating to a "hold" rating and reduced their target price for the stock from $71.00 to $49.00 in a research note on Monday, February 3rd. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $58.54.

GXO Logistics Trading Up 8.8 %

Shares of NYSE:GXO traded up $3.18 during mid-day trading on Monday, reaching $39.49. 4,534,132 shares of the company were exchanged, compared to its average volume of 988,272. GXO Logistics, Inc. has a 1 year low of $34.51 and a 1 year high of $63.33. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.86 and a quick ratio of 0.86. The firm's 50-day simple moving average is $44.20 and its 200 day simple moving average is $50.69. The firm has a market cap of $4.72 billion, a price-to-earnings ratio of 43.88, a P/E/G ratio of 1.19 and a beta of 1.60.

GXO Logistics (NYSE:GXO - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $1.00 earnings per share for the quarter, beating analysts' consensus estimates of $0.94 by $0.06. GXO Logistics had a return on equity of 10.03% and a net margin of 0.97%. Equities research analysts forecast that GXO Logistics, Inc. will post 2.73 EPS for the current year.

GXO Logistics Company Profile

GXO Logistics, Inc, together with its subsidiaries, provides logistics services worldwide. The company provides warehousing and distribution, order fulfilment, e-commerce, reverse logistics, and other supply chain services. As of December 31, 2023, it operated in approximately 974 facilities. The company serves various customers in the e-commerce, omnichannel retail, technology and consumer electronics, food and beverage, industrial and manufacturing, consumer packaged goods, and others.